PhenixFIN Co. $PFX is Adalta Capital Management LLC's 6th Largest Position

Key Points

• Adalta Capital Management LLC increased its stake in PhenixFIN Co. by 8.3%, making PhenixFIN its 6th largest position in the portfolio with 168,449 shares owned.
• PhenixFIN's stock had a market cap of $98.37 million and has seen a 12-month price range between $44.56 and $57.40.
• CEO David A. Lorber purchased 700 shares at an average price of $47.91, increasing his ownership in the company to 142,845 shares.

Adalta Capital Management LLC raised its holdings in shares of PhenixFIN Co. (NYSE:PFX - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 168,449 shares of the company's stock after buying an additional 12,925 shares during the period. PhenixFIN comprises approximately 4.8% of Adalta Capital Management LLC's portfolio, making the stock its 6th largest position. Adalta Capital Management LLC owned about 8.34% of PhenixFIN worth $8,931,000 as of its most recent SEC filing.

PhenixFIN Stock Performance

NYSE PFX opened at $49.09 on Monday. The company has a 50-day simple moving average of $49.35 and a two-hundred day simple moving average of $50.46. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.87. PhenixFIN Co. has a 12-month low of $44.56 and a 12-month high of $57.40. The firm has a market cap of $98.37 million, a price-to-earnings ratio of 6.02 and a beta of 0.31.

Insider Transactions at PhenixFIN

In other PhenixFIN news, CEO David A. Lorber purchased 700 shares of the business's stock in a transaction on Monday, June 16th. The stock was acquired at an average cost of $47.91 per share, for a total transaction of $33,537.00. Following the completion of the transaction, the chief executive officer directly owned 142,845 shares in the company, valued at approximately $6,843,703.95. This represents a 0.49% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought 2,362 shares of company stock worth $114,817 in the last ninety days. Corporate insiders own 24.40% of the company's stock.

PhenixFIN Profile

PhenixFIN Corporation is a business development company. The firm seeks to invest in privately negotiated debt and equity securities of small and middle market companies. It primarily invests in the following sectors: business services; buildings and real estate; automobile; oil and gas; aerospace and defense; home and office furnishings, housewares, and durable consumer products; healthcare, education and childcare; personal, food, and miscellaneous services; retail stores, diversified or conglomerate manufacturing; telecommunications; mining, steel, iron, and non-precious metals; leisure, amusement, motion pictures, and entertainment; chemicals, plastics, and rubber; finance; personal and nondurable consumer products (manufacturing only); beverage, food, and tobacco; containers, packaging, and glass; structure finance securities; machinery (non-agriculture, non-construction, non-electric); diversified or conglomerate service; restaurant and franchise; electronics; and cargo transport.

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